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Neon Secures $30 Million In Series A-1, Validating Investor Confidence In Serverless Postgres Database Service

Jul 26, 2022•over 3 years ago

Amount Raised

$30 Million

Round Type

series a

San FranciscoSaas

Description

Neon, Inc., the first open-source, fully-managed, multi-cloud Postgres as a service, has raised $30 million in its Series A-1 round. GGV Capital led an expert investment group that includes Khosla Ventures, General Catalyst, Founders Fund, and Elad Gil with support from a group of notable angels, including Nat Friedman, Ajeet Singh, Guillermo Rauch, Wes McKinney, Ryan Noon, and Søren Brammer Schmidt. Following a successful Series A round, Neon has now more than doubled its total funding to $54.3 million.

Company Information

Company

Neon

Location

San Francisco, California, United States

About

Neon is an open-source, multi-cloud, fully-managed Postgres as a service backed by an impressive list of top-tier investors, including GGV Capital, Khosla Ventures, General Catalyst, and Founders Fund. By separating storage from compute, Neon offers autoscaling, one-click start, multi-cloud compatibility, and bottomless storage to give developers a simple, reliable, and powerful experience. With a generous free tier, developers can quickly start and efficiently scale at will. Learn more at neon.tech. Contact: press@neon.tech SOURCE Neon

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